Zhongsheng Group Holdings Limited Mr. Li Yanwei has been appointed as an independent non-executive director with effect from 9 December 2019. Mr. Li Yanwei, aged 45, was appointed as an independent non-executive director of the Company on 9 December 2019. Mr. Li joined Sina.com Technology (China) Co. Ltd. in 2003 and was engaged in the work relating to media in respect of the automobile industry. Mr. Li has been the founder of Miaoche Information Technology Co. Ltd. since 2014. Mr. Li has also been a member of the expert committee of the China Automobile Dealers Association since 2015. For every year from 2016 to 2019, Mr. Li was honoured with the title of Outstanding Expert of CADA. The Board further announces that Mr. Chin Siu Wa Alfred has been appointed as chairman of the remuneration committee, member of the audit committee and member of the nomination committee of the Company with effect from 9 December 2019.